Thursday, October 31, 2019

PSU banks extend support of Rs 2.56 lakh crore to stressed NBFCs

PSBs have been accorded sanction to purchase Rs 21,580 crore worth of pooled assets as on October 16, the ministry said in a status report of various stimulus measures announced since August 23 to boost sagging economic growth which hit a six-year low of 5 per cent during the first quarter of the current fiscal.

from Banking/Finance-Industry-Economic Times https://ift.tt/2qc9f7e

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